Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - March 2008

Series Deal Size Expected Maturity	2002-3 $1,500MM 6/15/2009		2003-2 $1,340MM 4/15/2008		2003-3 $1,425MM 7/15/2008		2003-4 $725MM 10/15/2013		2003-5 $1,000MM 10/15/2008		2003-6 $2,000MM 11/15/2008
Yield	17.16	%	17.16	%	17.16	%	17.16	%	17.16	%	17.16	%
Less: Coupon	3.05	%	3.48	%	3.00	%	3.14	%	2.99	%	2.97	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	4.94	%	4.94	%	4.94	%	4.94	%	4.94	%	4.94	%
Excess Spread:
March-08	7.67	%	7.24	%	7.72	%	7.58	%	7.73	%	7.75	%
February-08	7.77	%	7.80	%	7.82	%	7.67	%	7.83	%	7.85	%
January-08	6.76	%	6.80	%	6.82	%	6.67	%	6.82	%	6.84	%
Three Month Average Excess Spread	7.40	%	7.28	%	7.45	%	7.31	%	7.46	%	7.48	%
Delinquency:
30 to 59 Days	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%
60 to 89 Days	0.75	%	0.75	%	0.75	%	0.75	%	0.75	%	0.75	%
90+ Days	1.78	%	1.78	%	1.78	%	1.78	%	1.78	%	1.78	%
Total	3.55	%	3.55	%	3.55	%	3.55	%	3.55	%	3.55	%
Principal Payment Rate	17.72	%	17.72	%	17.72	%	17.72	%	17.72	%	17.72	%